EnergyHub Closes $14.5M Series B Round of Funding

Funding Rounds

▤ Summary

EnergyHub Inc., a New York-based provider of home energy management software and systems, closed its $14.5m Series B round of funding.Backers include new investors Acadia Woods and the New York City Investment Fund and existing shareholders .406 Ventures and Physic Ventures.The company intends to use the funds to support commercial deployments of its home energy management system and launch its new Mercury™ wireless thermostat software service.Led by CEO Seth Frader-Thompson, EnergyHub develops and markets home energy management solutions designed to enable homeowners, utilities, and service providers to access, control, and automate in-home energy consumption.The EnergyHub Mercury™ smart thermostat platform uses advanced analytics and the engaging EnergyHub user interface to optimize thermostats and increase energy efficiency.

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Amount $14.5M Total raised
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Date August 25, 2011 Announcement date
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Investors Physic Ventures, Partnership Fund for New York City, .406 Ventures Lead investors
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Company http://www.energyhub.com Funded company

▥ Classifications

industries
Energy & Natural Resources
applications
Business Intelligence

◇ AskAI Classifications

Labels
Energy Management Software Distributed Energy Resource Management System (DERMS) Virtual Power Plant (VPP) Software

▦ Linked Companies

EnergyHub
$10M to $25M